What is we do
Import & Export Trading LLC
Advantages of Import and Export
It is one of the simplest routes of entering into the global trade that requires less investment in terms of time and money when contrasted with other methods of entering into the global trade. As no nation can be 100% self-sufficient, as import and export we are very crucial for the functioning and growth.
Can help Countries to access the best technologies available and best products and services in the world.
· It gives better control over the trade than setting up a market and the risk is considerably low.
Limitations of Import and Export
· It includes extra packaging, transportation and protection and insurance costs which build up the total cost of items.
· Exporting isn’t doable in the event that the foreign nation prohibits imports.
· Domestic organizations which are closer to the client could serve them better than firms outside their national borders.
· Merchandises are subject to quality standards any low-grade merchandise which is exported will result in Country reputation and remarks on countries.
· Obtaining licenses and documentation for foreign trade is a difficult and frustrating task.
· If you are not careful, you can lose grip on the domestic market and existing customers.
Solved Question for You
Q: Why businesses prefer importing and exporting?
Ans: Businesses prefer importing and exporting because it is one of the simplest routes of entering into the global trade. It requires less investment in terms of time and money when contrasted with other methods of entering into the global trade. It is comparatively less risky when compared with different routes of entering the international business.
